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XAUUSD 4 HOUR CHART – Glass half empty or half filled?
Continues to consolidate between 2999 – 3038,
Glass half fllled: biding its time for another run up unless 3000 is firmly broken… above 3038 would be needed to end lingering retracement risk and put 3047-57 in play again
Glass half empty: lingering retracement risk while below 3038… would need to break 2999 to extend it
Using my platform as a HEATMAP shows
… uncertain markets looking ahead to quarter end and reciprocal tariff day on April 2
Mixed USD
EURUSD focus still on 1.08 after another test of 1.0777 (2-day double bottom)… support coming fro a firmer EURGBP and lesser extent EURJPY
GBPUSD lower after cooler UK inflation (EURGBP firms)
USDJPY back above 150 after holding above 149.49 yesterday
USDCAD a touch weaker dezpite tariff uncertainty
U.S. stocks a touch weaker
XAUUSD in a wait and see mode
Looking ahead… light US data calendar, awaiting next Trump headline
USDJPY 4 HOUR – WHY LEVELS MATTER
This chart was posted early on today and see how USDJPY came down just above 149.49 key support (low was 149.53)
This is no coincidence… Levels and patterns formed by the Amazing Trader charting algo matter
If you would like a 30 day free trial, go to the member benefits page in GTA (if not a member sign up, free)
US500 4 HOUR = Wants to go higher but…
Creeping higher (.5788 high) but as this chart shows, it has stay above 5780, then get through 5800-10 and layers of resistance to put 6000 in play again.
On the downside 5750 needs to hold to keep a bid focused on 5800+. .
If 5800 fails to break, then 5700 = neutral within a 5600-5800 range.
XAUUSD 4 HOUR CHART – The Power of AT
You can see the power of The Amazing Trader (AT), both its levels and logic by this earlier post, which is still valid (note the high was 3035).
Still consolidating between 2999 – 3038, seemingly biding its time for another run up unless 3000 is firmly broken.
Break of 3038 would cool lingering retracement risk
Break of 2999 would expose 2978, which is the key level to maintain the daily uptrend. .
Another day, another set of Trump headlines
Talking down interest rates, singling out EU
Stocks edge up, US dollar dips as tariff uncertainty weighs
Dollar dips after hitting three-week high
Stocks rise modestly after strong rally
German business sentiment improves
Global stocks were slightly higher on Tuesday, after a sharp rally in the prior session on hopes U.S. President Donald Trump would take a more measured approach on tariffs than feared, while the dollar eased from a three-week high.
European shares paced the advance, while stocks on Wall Street oscillated between modest gains and declines in the wake of a sharp climb on Monday after Trump indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks.
After initially opening higher, U.S. stocks lost ground after a reading on consumer confidence from the Conference Board fell 7.2 points to 92.9 in March, below the 94.0 estimate, the latest in a string of sentiment readings that have shown cooling.
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